Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens): capital spending and supply chain
SIC 3312 · 6 companies with filed cash-flow statements
Capital spending, 12 months$3.9B
Operating cash flow$6.9B
Capex / cash flow57%
Capex / revenue5.0%
Top 3 share95%
Analysis
6 companies in Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312) spent $3.9B on capital projects over their latest twelve months, 57% of the $6.9B their operations generated; the three largest spenders — NUE, STLD, CRS — account for 95%.
Capital spending is 5.0% of the industry's $78.5B of annual revenue.
By the industry's asset mix most of it goes to equipment (49%); about $813M is imported.
The largest supplier of that spending is manufacturing structures ($1.5B).
Its largest supplying industries, by the input-output tables: imports ($10.7B), iron and steel mills and ferroalloy manufacturing ($5.7B), other durable goods merchant wholesalers ($5.6B).
Charts
Filed cash-flow statements (SEC XBRL).Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.